Residential / Commercial Real Estate / Property Management
Location Texas,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $1211619
Net Profit / Cash Flow $322744
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2003
Number of Employees 20 - 34
Inventory 69000
Relocatable No
Number of Employees 20 - 34
Real Estate Leased
Training Owners will stay with the company on a long term basis to provide the necessary management training and support for the buyer.
Reason for Sale The owners desire to sell the business to focus their energies exclusively on commercial development & construction.
Description Opportunity to purchase a well known, highly successful, privately held real estate sales and services firm for sale located in the heart of one of the Metroplex's fastest growing areas. Business consists of a residential real estate division, a commercial sales division, a property management group and a commercial real estate development group. Sources of revenues include residential brokerage sales, commercial real estate sales, property management, and leasing commissions. Sale includes over $100,000,000 in residential and commercial listings. Executive management consists of 4 active vice presidents, a support staff and over 25 experienced real estate professionals all highly trained in the areas of premier residential real estate sales, commercial real estate sales, property management and investment. Diverse group with impressive backgrounds most of whom have been with the organization over 6 years.
The residential brokers participate in both the Dallas Metro and Regional Multiple Listing Services are HUD Certified and associated with relocation networks.
The commercial division provides a complete range of commercial real estate brokerage services and specialized expertise for purchasers, property owners and investors from all over the world in the areas of office, industrial, retail, land, multi-family and hotel/hospitality acquisitions.
The property management group is comprised of professional property managers that assist clients with the all the normal property management services involved with residential, commercial and large commercial developments and, with a staff of general contractors, also have the ability to offer construction, maintenance and rehabilitation services (plus any landscaping services) all of which combined together give the clients a ''one stop shop'' after the sale. Additional revenues are gained from construction rehabs and finish outs. Asking price is $2,000,000.
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